Bitcoin - how low will we go in 2023?

[doomloop]

I bought the other day and we have seen yet another crash since then it feels like there is so much bad news and FUD at the moment.

I feel like having a break as I am starting to feel we could go close to the lows of last year, not sure if we will go that low but could go close so thinking of waiting until we see at least another 10% drop to buy more.

How is everyone else feeling?

I think. it's only temporary. Later back to normal too. all you need to do is keep buying and let the market take its course. true, sometimes these feelings come and make us a little uncomfortable in investing. there is a concern that the market will go down again. If in BTC 10%, the decrease is quite large. All you need to do is find another occupation. because I have also felt the way you feel. even if you want to go out of responsibility if you don't want to play short term. As low as it might be to 28K this week.

Considering it is only 2% down for the week, we can easily say that it is not going to be that much different on the long run. I understand why people may think that it looks a bit different but the reality is that it is pretty much similar. I know that it is going to be hard deal, but we could still make it work.

This is why it is smarter to have a good return one way or another. I feel like it should be considered why we are doing something that is profitable on the long run so these smaller drops are not really that big of a deal. I hope that we can get over it soon enough, and we could do something that will benefit us all. Not saying that because I want a profit, just to make sure people are happy about it instead of like this.

[19Nov16]

Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening  

I also agree with your statement, there's no way we're going to $8,000 that'll be horrible to the market.and it'll be like we're experiencing the pandemic year again when Bitcoin fall to $4,000. I know anything is possible with the cryptocurency market but $8,000 is unlikely.

Everything is possible in the cryptocurrency market but $8k is unlikely. Although bitcoin touched and exceeded $31k but it didn't last for long before it fell back to the $30k support and it is still in the region of 30k but very close to sliding to 29k.

I do not wish that the bitcoin price should slide below 30k because if it does, the next support is at $25k which would not be nice for the market because of so much SEC drama happening in the market.

I also agree, 8k$ is not possible with bitcoin, that is a thing of the past. But I won't be upset if bitcoin drops below 30k, it might not be good for the market and many people don't like it, but for me, it's a good thing because we have more time to accumulate bitcoin. We always want to get the biggest profit, but why are we afraid every time the market goes down? Isn't that a great time to buy in? That sounds very illogical, but many people are thinking so.

True, seeing the market situation that had occurred since ATH in 2021 and big events had happened like Luna, FTX and others, but did not make prices drop below $ 8K, this made us have to be optimistic that market opportunities to recover this year could easily occur.